What James Madison Knew And Central Bankers Hate—Rocks Crush Paper

The only adequate guarantee for the uniform and stable value of a paper currency is its convertibility into specie [gold]–the least fluctuating and the only universal currency…….James Madison understood this.

https://www.forbes.com/sites/nathanlewis/2019/03/16/why-gold-is-still-the-best-basis-for-money/?utm_source=followingimmediate&utm_medium=email&utm_campaign=20190316#229030a35624